First Guaranty Bancshares Inc. reported a net loss of $45.0 million for the third quarter ended September 30, 2025, compared to net income of $1.9 million for the same period in 2024. For the nine months ended September 30, 2025, the company recorded a net loss of $58.5 million, down from net income of $11.4 million in the prior-year period. The third quarter results included a $47.9 million provision for credit losses, with $39.8 million attributed to a single commercial lease relationship. A one-time non-cash goodwill impairment charge of $12.9 million was also recognized, which did not impact regulatory capital ratios. Total assets were $3.8 billion at September 30, 2025, representing a decrease of $175.4 million since December 31, 2024. Total loans declined by $414.0 million, or 15.4%, to $2.3 billion. Total deposits stood at $3.4 billion, a decrease of $121.4 million, or 3.5%. Retained earnings were $12.3 million, down by $60.6 million from December 31, 2024. Shareholders' equity was $221.1 million at the end of the third quarter, compared to $255.0 million as of the previous year-end. The company's risk-weighted capital ratio improved to 12.3% at September 30, 2025, from 11.7% at September 30, 2024.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Guaranty Bancshares Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001408534-25-000084), on October 31, 2025, and is solely responsible for the information contained therein.
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